What Makes International Banks a Smart Choice For Investors?

Investing ChartsFor many serious as well as casual investors, it can be a difficult decision to choose between a domestic bank and an international one. Keep in mind that you don’t have to choose. Instead, consider putting just a portion of your assets in an offshore bank for diversity. Then, find out how international banks are ideal for savvy investors.

Great Resources and International Financial Experts

One of the most helpful things about utilizing an offshore bank is being able to access the knowledgeable financial experts that work for the financial institution. For example, you might be wondering about how a certain country’s tax codes will increase your profits, or you might want to know about angel investing in the region. Local experts can help you get relevant information and expand your financial horizons, which often leads to better investments and greater overall profits.

Tax Reductions in Offshore Destinations

Another reason that international banking is gaining in popularity has to do with the location of each individual bank. Every country has its own tax code, and offshore account holders are legally allowed to stick to these laws rather than domestic ones, in some cases. In places like Belize, where capital gains taxes for foreign investors are minimal or even nonexistent, this equals a huge reduction in annual taxes. If you are looking for a way to effortlessly reduce expenses and see your holdings grow, moving your assets to an international account might be the simplest solution.

Smart Options For Long-Term Estate Planning

Some investors turn to offshore banks rather than their domestic counterparts in order to set up trusts, funds or any other type of estate planning option. By protecting and preserving your assets overseas, you might be able to enjoy greater security for your loved ones. Many individuals set up life insurance policies overseas, or they may earmark assets specifically for individuals. You could guarantee that your wife has access to funds, pay for the education of your grandchildren or even stop paying taxes on money that you would like to leave to a charitable organization in the future.

The Privacy Many Investors Desire

Since domestic banks are regulated by the government, they might not provide you with the financial privacy that you require. In these instances, utilizing a bank overseas can help you keep your financial records private, which may be exactly what you are looking for.

Banking internationally has many similarities to domestic banking, and it offers many of the same benefits. However, it also boasts distinct advantages to investors. Click here to learn more about how you might be able to benefit from opening up an offshore bank account.


About this author

Caye International Bank Limited (CIBL) was granted an Unrestricted "A" Class International Banking License on September 29th, 2003 by the Central Bank of Belize and is regulated by the Central Bank of Belize which set the standards for liquidity and capital adequacy.